Bioelectronics Corp (BIEL)

[yankee55]

This news has FDA Actipatch green light flashing all over it!

http://www.politico.com/story/2016/12/senate-approves-medical-research-cures-act-opioid-cancer-232330

"The Senate overwhelmingly approved a sweeping medical innovation package Wednesday afternoon, pledging billions of new dollars for research and long-delayed resources for combating the nation's deadly opioid epidemic."

"The $6.3 billion 21st Century Cures Act, which funds some of the outgoing Obama administration's top research priorities, has been relentlessly driven by House Energy and Commerce Chairman Fred Upton for nearly three years."

"The bill, approved in a 94-5 vote, also includes a host of industry friendly reforms to FDA’s drug and medical device review process — some controversial — in addition to the research and opioid funding that drew a majority of Democrats to support it. It also provides a major update to mental health care policy, but provides no new funding for those programs."

"President Barack Obama is expected to quickly sign the legislation — one of the final bills of his administration, cementing a health care legacy that extends beyond the Affordable Care Act.